Eaton Vance Management Increases Stake in Walmart Inc (WMT)

Eaton Vance Management grew its stake in shares of Walmart Inc (NYSE:WMT) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,334,197 shares of the retailer’s stock after purchasing an additional 25,293 shares during the period. Eaton Vance Management’s holdings in Walmart were worth $125,294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WMT. CSat Investment Advisory L.P. purchased a new position in Walmart in the second quarter worth about $111,000. ELM Advisors LLC purchased a new position in Walmart in the third quarter worth about $152,000. Berman Capital Advisors LLC purchased a new position in Walmart in the third quarter worth about $158,000. Harvest Fund Management Co. Ltd purchased a new position in Walmart in the third quarter worth about $162,000. Finally, MinichMacGregor Wealth Management LLC raised its holdings in Walmart by 56.0% in the third quarter. MinichMacGregor Wealth Management LLC now owns 1,753 shares of the retailer’s stock worth $165,000 after buying an additional 629 shares during the last quarter. 29.18% of the stock is currently owned by hedge funds and other institutional investors.

WMT opened at $93.19 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.22. Walmart Inc has a twelve month low of $81.78 and a twelve month high of $109.98. The company has a market cap of $283.83 billion, a PE ratio of 21.08, a P/E/G ratio of 3.91 and a beta of 0.32.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, November 15th. The retailer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.06. Walmart had a net margin of 1.01% and a return on equity of 18.36%. The firm had revenue of $124.89 billion during the quarter, compared to analysts’ expectations of $124.86 billion. As a group, research analysts predict that Walmart Inc will post 4.81 EPS for the current fiscal year.

Several brokerages have issued reports on WMT. Robert W. Baird lifted their target price on shares of Walmart to $110.00 and gave the stock an “outperform” rating in a report on Thursday, August 16th. Oppenheimer reaffirmed a “neutral” rating and issued a $100.00 target price on shares of Walmart in a report on Thursday, August 16th. BMO Capital Markets began coverage on shares of Walmart in a report on Monday, September 17th. They issued an “outperform” rating and a $110.00 target price for the company. Zacks Investment Research raised shares of Walmart from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Stifel Nicolaus reaffirmed a “neutral” rating and issued a $95.00 target price on shares of Walmart in a report on Friday, August 17th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Walmart currently has an average rating of “Hold” and an average price target of $104.04.

In related news, insider John R. Furner sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $97.34, for a total transaction of $389,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 1,030,640 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $96.65, for a total transaction of $99,611,356.00. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $652,250,257. The disclosure for this sale can be found here. Insiders have sold 12,891,107 shares of company stock valued at $1,236,447,886 over the last three months. 51.11% of the stock is owned by corporate insiders.

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Walmart Profile

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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